Shriram Properties posts record Q1 sales and profit

Shriram Properties reported record Q1 sales volume of 0.82 million square feet, up 17% year-on-year, valued at INR 441 crores. Total revenues reached INR 262 crores, marking 24% growth, with EBITDA of INR 46.5 crores.

The company posted its highest-ever Q1 net profit since listing at INR 20.6 crores. Shriram Properties launched its first project in Pune and aims to double its pipeline over the next 18-24 months.